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ADDITIONAL TERMS 81. 147019
<br />1 .4 PREPAYMENT AND �C(,7tGAl.OF T'HE FINANCE CHARGE: Even though 1 do not have to pay more than the regulate scheduled payment, puyne, 1 have the right
<br />to Prepay the whole amount dewing to you in full at any time or in part from time to time. If the lemling institution or bank limn tiny% my contract computes the finance charge
<br />daily, I know my finance charge will &c less if[ nrtke ;m early payment, and in will he higher if I pay late: I also recognize that an� necessary adjustment fu my total finance
<br />charge will be reflected in my final bill; I also know that the amounts shown on the reverse side for the Finance Charge. Total of t ayntents, and the Total Sale Price are esti-
<br />mates based on the assumption that you will receive each of the payments exactly on its clue date; and I know that there will be no refund if I prepay because there is nothing
<br />to refund if I am charged on it daily basis. If the lending institution or hank does not compute the finance charge daily, and if I prepay the whole amount, you will refund
<br />to me the unearned portion of the finance charge (interest) by the accounting procedure known as the actuarial method; and the amount of my rebate will he figured on the
<br />scheduled dates and amounts of my monthly payment and not on the actual dates and amounts of the prepayments that I pay it) y( y I know that it refund of less than $101
<br />will not be made.
<br />IMPORTANT NOTICE ABOUT WARRANTIES:
<br />(e) We as SELLER HEREBY DISCLAIM ALL WARRANTIES, EXPRESSED OR IMPLIED, OF MERCHANTA-
<br />BILITY AND FITNESS FOR A PARTICULAR PURPOSE ON ALL GOODS AND SERVICES UNLESS SELLER FUR-
<br />NISHES BUYER WITH A SEPARATE WRITTEN LIMITED WARRANTY OR SERVICE CONTRACT MADE BY SELL-
<br />ER ON ITS OWN BEHALF (WHICH, IF MADE, ACCOMPANIES THIS CONTRACT).
<br />(b) I have read, in detail, the separate - 10-YEAR LIMITED WARRANTY" which, if made, accompanies this contract. It explains the conditions and circumstances
<br />iu which the manufactured products will be repaired or replaced. I take notice of the limitations on the warranty. and 1 particularly recognize that any implied warranty which
<br />applies to the d goos fa%stonly as long as the warranty or service contract.
<br />(el 1 have read, in detail, the separate "LIMITED INSTALLATION WARRANTY" which, if made. accompanies this contract. It explains the conditions and cir-
<br />cumstances in which the installaion of the siding will be redone. I take notice of the limitations on the warranty. and I particularly recognize that any implied warranty which
<br />applies to the installation as'f s is , ly as long as me warrant), or service contract.
<br />SPECIAL - ORDER GOODS: I know that you have measured my house and its openings so that you can make the products to fit my particular house. I take notice that the
<br />goods that are manufactured for any specific house probably will not fit any other houses, and under such conditions, f know that I cannot cancel this contract at any time
<br />afterthe period of time given to me, by law, in which to cancel. Aflerthat legal period of time. 1 know that I have the obligation to pay you in full the amountowed.
<br />OBLIGATIONS PERTAINING TO PROPERTY INSURANCE. AND MY REAL ESTATE: 1. 1 promise to keep my house in goof repair and to keep it insured for
<br />at least 80`% 'r of its replacement value by buying a fire and extended coverage insurance policy. The insurance company must he approved by you, and the policy must have
<br />a beneficiary, clause which says that you are ar be paid if there is it loss. The insurance company must agree that it will not cancel my policy without first telling you. 1 au-
<br />thorize the insurance coatpany to pay you directly forany foss. You can choose to use this insurance payment to either repay any amounts I owe you or to repair my house.
<br />1 have the option of providing property insurance through an existing policy or through a policy independently obtained and paid for by me. 2. I also promise that 1 will not
<br />allow anyone else to place any hens on my real estate without your wntten permission. 3. 1 promise to pay all taxes. assessments and other charges on my real estate when
<br />due. 4. 1 promise to timely make all payments on my nor loans secured by my real estate. 1 also promise than I will not extend, renew or change prior loans without your
<br />written permission. 5. If f do not insure my house or fulfill my other obligations to my real estate. then you can do it for me if you want (but you do not have to). If you do
<br />Qany of these obligations for me. I agree to pay you back on demand plus interest at the highest lawful contract rate of interest. Until I pay you back, these amounts will
<br />be added to my debt to you which is secured by my real estate and house I know that if you decide to buy insurance for me that you do not have to obtain any homeowner
<br />or liability insurance.
<br />SALE OF MY HORSE: I promise not to sell, lease orgne my house to anyone until I have fully repaid np debt o you.
<br />DUE ON SALE: If I sell. lease or give my house lo anyone before I have fully paid all I owe under this contract. von can declare all that I owe under this contract payable
<br />at once and I agree to immediately pay you that amount.
<br />DEFAULT: I will be in default under this contract it
<br />I . I don't make a payment when due: or
<br />2. I break any promise l made to you in this contract: or
<br />3. Something else happens which causes you to believe in good faith that I do not intend to pay you as promised; or
<br />4. l default on any obligations for which l am using my home as collateral or
<br />5. Something happens to my house which threatens your rights, if any, in it.
<br />IF 1 AM IN DEFAULT: I understand that you have the right to foreclose the Mortgage 1 have given to you and have my house sold to repay any amounts I owe you if I
<br />am in default under this contract. Before my house is sold. you will do everything that the law, requires. I I you hire an attorney to assist you to sell my house, or, to sue me,
<br />or, to protect your rights, 1 agree to pay you for your reasonable attorneys' lies and for other related expenses such as court costs, title searches and money you expended
<br />to protect my house, ifyou are allowed to collect such amounts pro law.
<br />OTHER RIGHTS: We can choose not to enlitrce any of the rights under this contract as often its we want without losing them. Or, we can delay enforcing any of the rights
<br />without losingthem. Wecan also use any rights now or in the future given to us by law.
<br />DELAYS: I know that you will use your best efforts to install the products I am purchasing on my house, but I also understand that in some situations you may encounter
<br />delays that are caused by strikes, weather conditions, delays you have in obtaining materials, or for other reasons that are beyond your control. I understand that you will
<br />not be liable for such delays.
<br />ARBITRATION: If 1 have a dispute or claim with you concerning the quantity, quality or performance of the products, 1 understand that my dispute may be submitted to
<br />and settled according to the mediation- arbitration program that niay have developed in my community. I also know that any decision made by an arhittator(s) would be en-
<br />tered in the court havingjurisdictiom over me and you.
<br />SALVAGE VALUE: I know that the windows, woodwork, siding, brick and other materials that have to be removed by you for this installation have NO salvage value.
<br />When you remove them, you can have them for whatever purpose you want.
<br />SPECIAL SITUATIONS: Due to the uniqueness of some of the products that you sell, I understand that in special situations that your Regional Office may have to review
<br />and accept this contract. I also understand that this sale occurred in my home and that you and I stay, not have had all the correct information important to this transaction
<br />at ourfingertins: 1 give you my consent to correct any obvious errors that ntav have occurred when the blanks in this contract were completed.
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